Go to Jeff Salisbury LWGate Home Page.From: "Rolf Hertenstein" <rolfh@mindspring.com>
Subject: Re: [CANSLIM] Market Trend Charts
Date: Tue, 15 Jul 2003 13:56:38 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0126_01C34AD8.E9171020 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Pritish - I clicked on the links and got a "cannot be displayed" = error. Are the links correct? I'm curious to see these. Thanks! Rolf ----- Original Message -----=20 From: Pritish Shah=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 15, 2003 1:36 PM Subject: RE: [CANSLIM] Market Trend Charts Hi Kelly,=20 I have been studying where I am making mistakes. A lot of my failures = were bought when Nasdaq was touching the upper bollinger bands. Checkout = the following chart. You will notice that Nasdaq is currently toying = with the upper bollinger bands and has been bouncing from the 20dma. So = the best time to buy would be when Nasdaq again touches 20dma and there = are a flurry of breakouts.=20 = http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a=3Dvm,m26-12-9,ss,fs&p= =3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3Db=20 A lot of people have shown me charts that basically predict that the = market will churn for the next few years and I believe that would be the = trend. This is where CANSLIM can do much better than any other method of = investing.=20 Take a look at the following chart. You will notice that from 1937 to = 1950 (13 yrs), the market was pretty much flat. From 1965 to 1983 also = the market was flat. There was also a flat period before 1930 but that = is not shown on the graph.=20 = http://finance.yahoo.com/q?s=3D^DJI&d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3Don&z=3Dl= &q=3Dl=20 Basically after every major rise, the market pauses for several years = and then tries again. This has happened 3 times on DJI. Nasdaq is = currently behaving exactly like DJI from 1930 to 1933. If it continues = to behave like DJI, for next year and half, we are not going to go = anywhere and then there will be a major move upwards. I am open for discussions but not flames please. Thanks, Pritish >>> kelly.short@fw.us.neoris.com 07/15/03 02:40PM >>>=20 Gene,=20 What was in your patriotic Wheeties this morning?! Thanks for the = explanation though. Have you thought about a career in politics because = that answer was perfectly on the middle ground.=20 Okay, okay. I'll ride the trend. I'm just bitter: three of my recent = BO purchases have gotten SARS and are in quarantine. I fear I may lose = them to the "disease", or the hurricane, or whatever ailment is keeping = them from soaring.=20 That said- I did enjoy reading the information you passed along- = thanks!=20 Kelly=20 -----Original Message-----=20 From: Gene Ricci [ mailto:genr@swbell.net]=20 Sent: Tuesday, July 15, 2003 1:06 PM=20 To: canslim@lists.xmission.com=20 Subject: Re: [CANSLIM] Market Trend Charts=20 Kelly, forgive the clich=E9......... "The trend is your friend".=20 Now here's another profound statement "the trend is up until proven = otherwise".=20 Many indicators are showing overbought, but they can stay overbought = for a long long time. Take last year, they stayed oversold for a long = long time. Most likely there is a bit of consolidation going on .... but = who knows which way the break will occur. One just has to decide at what = point the trend has changed from up to down (or sideways). And at what = point another breakout to the upside has occurred. Each person must = decide this on his/her own.=20 We were told that there would not be a post war rally - is that true?=20 We were told the new dividend law would not affect stock prices - is = that true?=20 Although I don't see signs of a renewed bear.... I hear them in the = background.... moaning and groaning as they try to save face after = losing their butts.... shorting this year.=20 I feel that the market has to continue its upward trend because the = public wants it to (to say nothing about the administration). When I = attend meetings, read user group email and talk to friends I'm reminded = of the Statue of Liberty....=20 "give me your tired, your poor, your huddled masses yearning to = breathe free"=20 translated to:=20 We're tired (poor management, manipulation, lies, cooked books), we're = poor, your investors are yearning to once again believe!!!! ... kind of = corny but what the heck!=20 Gene=20 ----- Original Message -----=20 From: Kelly Short < mailto:kelly.short@fw.us.neoris.com >=20 To: canslim@lists.xmission.com=20 Sent: Tuesday, July 15, 2003 10:53 AM=20 Subject: RE: [CANSLIM] Market Trend Charts=20 Gene,=20 Do you have any opinions to offer regarding this information? I see = that many stocks are above their 50 and 200 dma and that RS lines are = trending downward. However, most stocks seem to be trading between their = upper and lower bands and money flow doesn't seem to indicate enormous = swings either way. Do you think the market is a) absorbing a recent = run-up b) peaking before a short term decline towards a resistance = point, or c) giving the bear market pundits fuel for the flames (e.g. = forecasting a major decline)? I'd be interested to hear what you have to = say. Thanks.=20 Kelly=20 -----Original Message-----=20 From: Gene Ricci [ mailto:genr@swbell.net]=20 Sent: Monday, July 14, 2003 7:19 PM=20 To: canslim@lists.xmission.com=20 Subject: [CANSLIM] Market Trend Charts=20 May be of interest to you.=20 Gene=20 Charts have been updated through today (7/14)=20 http://www.sectorrotationfund.com/MarketTrends.htm=20 Duke Jones, CMT=20 www.longboatglobal.com=20 www.sectorrotationfund.com=20 - ------=_NextPart_000_0126_01C34AD8.E9171020 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4134.600" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY style=3D"MARGIN-TOP: 2px; FONT: 8pt Tahoma; MARGIN-LEFT: 2px"=20 bgColor=3D#fffcf0> <DIV><FONT face=3DArial size=3D2>Hi Pritish - I clicked on the = links and got a=20 "cannot be displayed" error. Are the links correct? I'm = curious to=20 see these.</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2>Thanks!</FONT></DIV> <DIV><FONT face=3DArial size=3D2></FONT> </DIV> <DIV><FONT face=3DArial size=3D2> Rolf</FONT></DIV> <BLOCKQUOTE dir=3Dltr=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dpshah@lason.com href=3D"mailto:pshah@lason.com">Pritish = Shah</A> </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Tuesday, July 15, 2003 = 1:36=20 PM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> RE: [CANSLIM] Market = Trend=20 Charts</DIV> <DIV><FONT face=3DArial size=3D2></FONT><FONT face=3DArial = size=3D2></FONT><BR></DIV> <DIV><FONT face=3DArial>Hi Kelly, <BR><BR>I have been studying where I = am making=20 mistakes. A lot of my failures were bought when Nasdaq was touching = the upper=20 bollinger bands. Checkout the following chart. You will notice = that=20 Nasdaq is currently toying with the upper bollinger bands and has been = bouncing from the 20dma. So the best time to buy would be when Nasdaq = again=20 touches 20dma and there are a flurry of breakouts. <BR><BR><U><A=20 = href=3D"http://http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&= amp;a=3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&a= mp;q=3Db">http://finance.yahoo.com/q?s=3D^IXIC&d=3Dc&k=3Dc3&a= =3Dvm,m26-12-9,ss,fs&p=3Dm20,b&t=3D6m&l=3Don&z=3Dl&q=3D= b</A></U>=20 <BR><BR>A lot of people have shown me charts that basically predict = that the=20 market will churn for the next few years and I believe that would be = the=20 trend. This is where CANSLIM can do much better than any other method = of=20 investing. <BR><BR>Take a look at the following chart. You will notice = that=20 from 1937 to 1950 (13 yrs), the market was pretty much flat. From 1965 = to 1983=20 also the market was flat. There was also a flat period before 1930 but = that is=20 not shown on the graph. <BR><BR><U><A=20 = href=3D"http://http://finance.yahoo.com/q?s=3D^DJI&d=3Dc&k=3Dc3&a= mp;p=3D&t=3Dmy&l=3Don&z=3Dl&q=3Dl">http://finance.yahoo.c= om/q?s=3D^DJI&d=3Dc&k=3Dc3&p=3D&t=3Dmy&l=3Don&z=3D= l&q=3Dl</A></U>=20 <BR><BR>Basically after every major rise, the market pauses for = several years=20 and then tries again. This has happened 3 times on DJI. = <STRONG><U>Nasdaq is=20 currently behaving exactly like DJI from 1930 to 1933.</U></STRONG> If = it=20 continues to behave like DJI, for next year and half, we are not going = to go=20 anywhere and then there will be a major move upwards.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>I am open for discussions but not flames=20 please.</FONT></DIV> <DIV><FONT face=3DArial></FONT> </DIV> <DIV><FONT face=3DArial>Thanks,</FONT></DIV> <DIV><FONT face=3DArial>Pritish<BR></FONT></DIV> <DIV><BR>>>> kelly.short@fw.us.neoris.com 07/15/03 02:40PM=20 >>> <BR>Gene, <BR><BR>What was in your patriotic Wheeties = this=20 morning?! Thanks for the explanation though. Have you thought about a = career=20 in politics because that answer was perfectly on the middle ground.=20 <BR><BR>Okay, okay. I'll ride the trend. I'm just bitter: three of my = recent=20 BO purchases have gotten SARS and are in quarantine. I fear I may lose = them to=20 the "disease", or the hurricane, or whatever ailment is keeping them = from=20 soaring. <BR><BR>That said- I did enjoy reading the information you = passed=20 along- thanks! <BR><BR>Kelly <BR><BR>-----Original Message----- = <BR>From: Gene=20 Ricci [<U> <A = href=3D"mailto:genr@swbell.net]">mailto:genr@swbell.net]</A></U>=20 <BR>Sent: Tuesday, July 15, 2003 1:06 PM <BR>To: <U><A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </U>=20 <BR>Subject: Re: [CANSLIM] Market Trend Charts <BR><BR><BR>Kelly, = forgive the=20 clich=E9......... "The trend is your friend". <BR><BR>Now here's = another=20 profound statement "the trend is up until proven otherwise". = <BR><BR>Many=20 indicators are showing overbought, but they can stay overbought for a = long=20 long time. Take last year, they stayed oversold for a long long time. = Most=20 likely there is a bit of consolidation going on .... but who knows = which way=20 the break will occur. One just has to decide at what point the trend = has=20 changed from up to down (or sideways). And at what point another = breakout to=20 the upside has occurred. Each person must decide this on his/her own.=20 <BR><BR>We were told that there would not be a post war rally - is = that true?=20 <BR>We were told the new dividend law would not affect stock prices - = is that=20 true? <BR><BR>Although I don't see signs of a renewed bear.... I hear = them in=20 the background.... moaning and groaning as they try to save face after = losing=20 their butts.... shorting this year. <BR><BR>I feel that the market has = to=20 continue its upward trend because the public wants it to (to say = nothing about=20 the administration). When I attend meetings, read user group email and = talk to=20 friends I'm reminded of the Statue of Liberty.... <BR><BR>"give me = your tired,=20 your poor, your huddled masses yearning to breathe free" = <BR><BR>translated=20 to: <BR><BR>We're tired (poor management, manipulation, lies, cooked = books),=20 we're poor, your investors are yearning to once again believe!!!! ... = kind of=20 corny but what the heck! <BR><BR>Gene <BR><BR><BR><BR><BR>----- = Original=20 Message ----- <BR>From: Kelly Short <<U> <A=20 = href=3D"mailto:kelly.short@fw.us.neoris.com">mailto:kelly.short@fw.us.neo= ris.com</A></U>=20 > <BR>To: <U><A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </U>=20 <BR>Sent: Tuesday, July 15, 2003 10:53 AM <BR>Subject: RE: [CANSLIM] = Market=20 Trend Charts <BR><BR><BR>Gene, <BR><BR>Do you have any opinions to = offer=20 regarding this information? I see that many stocks are above their 50 = and 200=20 dma and that RS lines are trending downward. However, most stocks seem = to be=20 trading between their upper and lower bands and money flow doesn't = seem to=20 indicate enormous swings either way. Do you think the market is a) = absorbing a=20 recent run-up b) peaking before a short term decline towards a = resistance=20 point, or c) giving the bear market pundits fuel for the flames (e.g.=20 forecasting a major decline)? I'd be interested to hear what you have = to say.=20 Thanks. <BR><BR>Kelly <BR><BR>-----Original Message----- <BR>From: = Gene Ricci=20 [<U> <A = href=3D"mailto:genr@swbell.net]">mailto:genr@swbell.net]</A></U>=20 <BR>Sent: Monday, July 14, 2003 7:19 PM <BR>To: <U><A=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </U>=20 <BR>Subject: [CANSLIM] Market Trend Charts <BR><BR><BR>May be of = interest to=20 you. <BR><BR>Gene <BR><BR><BR><BR>Charts have been updated through = today=20 (7/14) <BR><BR><U><A=20 = href=3D"http://www.sectorrotationfund.com/MarketTrends.htm">http://www.se= ctorrotationfund.com/MarketTrends.htm</A></U>=20 <BR><BR>Duke Jones, CMT <BR><U><A=20 href=3D"http://www.longboatglobal.com/">www.longboatglobal.com</A></U> = <BR><U><A=20 = href=3D"http://www.sectorrotationfund.com/">www.sectorrotationfund.com</A= ></U>=20 <BR><BR><BR><BR><BR></DIV></BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0126_01C34AD8.E9171020-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". 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